Did the SEC Watch Porn When Wall Street Crashed?

16,000 times in ONE month... really?

(Tech Crunch) SEC Ogled Porn As The Financial Crisis Unfolded! So Did You

One SEC accountant tried to access porn 1,800 times in two weeks, another tried 16,000 times in one month. In another case, an SEC attorney spent eight hours a day looking at and downloading porn— as reported by the Associated Press and ABC News— when his disk drive was full he resorted to CDs and DVDs. Gross.

Over the last five years, the SEC has launched “33 probes of employees looking at explicit images,” according to an SEC memo obtained by the Associated Press. The bulk of those cases occurred in the last three years (with 16! in 2008—Bernie Madoff was arrested in Dec. 08), as the financial industry teetered on the brink of collapse. More than half, seventeen of the cases, included senior employees. The memo has led to a gaggle of giggle-worthy headlines like: “Did Porn Cause the Financial Crisis?,” “SEC Staffers Watched Porn, Not Wall Street,” “SEC Was Wanking Off While The Economy Crumbled,” etc.— conjuring images of rows upon rows of SEC computers tuned into porn while homeowners received foreclosure notices and Madoff victims wept. It’s certainly disturbing to hear of senior SEC officials perusing porn websites when they had a crisis on their hands, but lets be honest here, are we really that surprised? 70% of all porn access occurs during the 9am to 5pm work day (according to a Messagelabs report), and I’m not just talking about the SEC. The numbers are ugly.

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